BidaskClub Upgrades Dell Technologies Inc. (DVMT) to Strong-Buy
Dell Technologies Inc. (NYSE:DVMT) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.
Shares of Dell Technologies (NYSE:DVMT) opened at 74.76 on Friday. The stock’s market capitalization is $57.71 billion. Dell Technologies has a one year low of $42.02 and a one year high of $75.07. The firm has a 50-day moving average of $66.32 and a 200 day moving average of $64.96.
Dell Technologies (NYSE:DVMT) last issued its earnings results on Thursday, June 8th. The company reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.19. The business had revenue of $17.82 billion for the quarter. Dell Technologies had a negative net margin of 4.56% and a positive return on equity of 16.36%. On average, equities research analysts predict that Dell Technologies will post $4.72 EPS for the current year.
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In related news, CEO Michael S. Dell bought 13,058 shares of the company’s stock in a transaction on Monday, August 28th. The shares were acquired at an average cost of $25.03 per share, for a total transaction of $326,841.74. Following the purchase, the chief executive officer now directly owns 418,031 shares of the company’s stock, valued at $10,463,315.93. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David I. Goulden sold 4,700 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $67.00, for a total transaction of $314,900.00. Following the completion of the transaction, the insider now owns 42,055 shares in the company, valued at $2,817,685. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 91,297 shares of company stock worth $2,520,756 and sold 17,400 shares worth $1,103,371. 45.00% of the stock is owned by corporate insiders.
About Dell Technologies
Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.
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